Business savings accounts

Be prepared, save for business payments like quarterly BAS while earning interest on your cash. Choose from a business online savings account or a business term deposit.

$0 Monthly fee. 24/7 access.

Business Cash Reserve

Get regular access to your savings.

Earn a variable interest rate of 1.35% p.a. on balances of $10,000 or more and enjoy online access to funds when you need it.

More about Business Cash Reserve account

$0 monthly. Earn bonus interest.

Business Cash Reserve Bonus

Leaving your savings alone for a bonus.

Introductory offer: Open a new Business Cash Reserve Bonus account and for the first 4 months you could earn up to 2.20% interest p.a. introductory variable rate. Conditions apply.

More about Business Cash Reserve Bonus account

$0 Setup or ongoing fees. Flexible maturity options.

Term Deposit

Lock away your money for maximum growth.

You could get higher returns on your surplus cash with our range of fixed term deposits. 2.25% p.a. for 4 months, with interest paid at maturity on deposits of $5,000 or more.

More about Business term deposit


    All set?

    Before you apply

    Your business needs to be registered in Australia

  • Business Cash Reserve account

    It only takes 10 minutes

    Apply online
  • Give us a call

    132 142 

    8am-8pm, Mon - Fri 

Things you should know
  • Before deciding, read the terms and conditions, including how bonus interest is earned and applied to your account.

    24/7 access is subject to system availability.

  • Westpac Business Cash Reserve Bonus introductory offer
    Information is current as at 20 July 2015. If you open a new Westpac Business Cash Reserve Bonus account between 20 July 2015 and 30 September 2015, this offer applies to balances from $10,000 up to $5,000,000. After the first 4 months the interest rate will revert to the then current standard variable rate plus variable bonus rate. The bonus rate is only payable if no withdrawals in a month. You must also have a Westpac business transaction account in the same name. Standard eligibility criteria apply. Read the terms and conditions for details of how the eligibility requirements for bonus interest are applied and how interest is calculated. Except as specified above, variable interest rates are subject to change. Fees and charges apply. Read the terms and conditions at before making a decision and consider whether the product is appropriate for you. To take full advantage of the multiple ways to access your account, you need to register for Business Online Banking and Business Telephone Banking. Read the Terms and Conditions before registering. Subject to systems availability. 2015 Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.